Tesla Earnings Plan (Patreon)

Tesla is scheduled to report earnings after the close today followed by the investor call.

I expect volatility and my snipe order at 242 and more if lower is still in play.  Was temped at the triple bottom at 247 today 

TESLA MATH

While a beat on earnings per share (EPS) is always welcome news, it is important to note that this does not necessarily translate to a stock price increase.

• Tesla has beaten Wall Street consensus EPS in 14 of the past 16 quarters
• Stock has only risen on the following day in 7 of those 16 days.
• Odds are high for a dip

KEY NUMBERS

We know Rev is weak due to new model 3 pause and launch and shutting down lines and focus on CT production.

Revenue

$24.06bn ( UP 12.1% YoY )

Earnings Per Share Q3 2023:

• Range LOW $0.71
• Range High $0.74
• More than $0.74 will be amazing.

Gross Margin excluding regulatory credits:

• Range LOW 17.2%
• Range HIGH 17.8%

Key Things to Listen for on the Earnings Call

• Cybertruck Delivery Event: When will Tesla hold the first delivery event for the Cybertruck?
• Optimus Bot: What is the latest update on the development and production of the Optimus Bot?
• FSD 12: When will Tesla release the next major version of its Full Self-Driving software?
• New Model 3 USA Launch: When will Tesla launch the new, more affordable Model 3 in the United States?
• IRA Tax Credit: Will there be any changes to the IRA tax credit for electric vehicles in 2024?
• COGS: Have Tesla's cost of goods sold bottomed out?
• Megapack Storage Business: How is Tesla's Megapack storage business performing?
• Giga Mexico Update: What is the latest update on the construction and progress of Tesla's Gigafactory in Mexico?
• Model 2 Update: Is there any new information about Tesla's rumored Model 2 electric vehicle?